PRESIDENT AQUINO ADMINISTRATION (127) DAYS LEFT IN OFFICE

Blog- PHL Politics

PRESIDENT AQUINO ADMINISTRATION (127) DAYS LEFT IN OFFICE

GENERAL SANTOS CITY, JANUARY 03, 2016 – President Benigno C. Simeon Aquino III has almost completed the 6 years of his presidency.  The term limit as mandated in our Constitution and in the Omnibus election Laws. Starting from January 2016 to May 09, 2016 the president has only one hundred twenty seven (127) days left in office.

Whether we like it or not he must exit from power on June 30, 2016 because of the six (6) years term limit.

If I were the president I will not much indulge to politics even, he is the titular head of the Liberal Party. The president like other head of the states, he must now prepare for his graceful exit from Malacanang Palace at the end of this term. Let other members of the party likes: Sec.  Mar Roxas and other members of the LP to continue the “Right Path” (DAANG MATUWID) as he started during his first term in office until he finished his term. Sa bisaya pa (Bahala na si Mar Roxas maningkamot.

It is public knowledge that in some point, he has done is the steady growth of the Philippine economy for six years and a noted fundamental reform of our financial system for the country. His success as his legacy to PHL credited for his administration. The President must be happy now; he is not tag a lame duck president by the news maker Political Pundits group critics to him, including me as blogger.

Noted accomplishments: Sound and credible PHL Financial system and road networks improvement on his (DAAN MATUWID) “flagship programs”.  On the other side he had also a failure. A success of a Leader is in the barometer of the poverty line and measurements.

On the latest IBON foundation survey results: Mindanao has a greater number of poverty which is reported as 70-60 percent, in the Visayas regions which is in line second to the poverty ratio, 55-50 percent, while in Metro Manila, which has a low poverty rate. And the rest of Northern and Southern Luzon has also the poverty reduction ratio.

While Philippine Economy has improved a lot on growth rate. But it doesn’t felt by the marginalize poor, on particular Agri-sector rural farmers and fishery sector, It is good for the PH economy to bounce back; as we are the number two (2) fastest growing economy in the world second to India, China and Vietnam. And the Philippine is now under the financial stability rated by the World Financial Organization likes:  Meryll  Linch and Standard and Poor’s (S&P).

Some list of His failure of the Aquino administration:

1.)    Maquindanao Massacre

2.)    Palampaya funds  Scam

3.)    PDAF and DAF Scams

4.)    Metro Manila Traffic

5.)    Transport System

6.)    BBL

7.)    Mamasapano

8.)    Selective Justice system

9.)    Graft and Corruptions (under his administration)

Poll Uncertainties to Deter Investors

BSP seen to keep rates unchanged

Robust consumer and election spending would bring about a slight uptick in economic growth next year, but uncertainties brought by the national election-especially the most recent developments on two presidential candidates-might deter the entry of more investors, The Hongkong and shanghai Banking Corp. (HSBC) said.

“With private consumption expected to stay strong throughout election cycle, we forecast growth to increase slightly in 2016,” HSBC economist Joseph Incalcaterra said in a note titled “wake me up when 2015 ends.” The government had projected gross domestic product or GDP growth of 7 to 8 percent in 2016, faster than “realistic” 6 to 6.5 percent expansion expected this year.

But while the upcoming election would bolster both government and private expenditures, it is also seen to push investors on the sidelines as they adopt a wait –and-see stance (miron).

“(T)he large degree of election uncertainty, particularly concerning the disqualification of former leading candidate Grace Poe-a decision that she is appealing-and the rise of Davao City Mayor Rodrigo Duterte, a candidate who has yet to elaborate an economic agenda.

Suggestion to Mayor Duterte-

Suggesting by Blog writer to Mayor Duterte as soon as possible his economic advisers should draw the line of his economic agenda (plata-forma) to be known for public scrutiny, may result in more subdued private investment over the next two quarters,”Incalcaterra said.

“(O)ur analysis of past electoral cycles shows that this is almost always the case, “he pointed out.

Strong manufacturing sector-

NEDA expect 6% GDP growth this year

The Philippine economy may grow 6.0 percent due to strong industry and manufacturing sectors, the National Economic and Development Authority (NEDA) said.

In a briefing, Socioeconomic Planning Secretary Arsenio M. Balisacan said the country’s economy remains steady despite external uncertainties, numerous domestic challenges, and the impact of natural disasters.

In January to September 2015 the country’s gross domestic product (GDP) grew 5.6 percent, while in the third quarter; its output increased 6 percent due to strong domestic demand, more jobs and more public and private investments.

“This puts the Philippines as one of the fastest-growing major economies in Asia, just after India, China and Vietnam.

We expect our high growth trajectory to continue in the fourth quarter of the year as domestic demand continues to be strong,” Balisacan said.

“We are very optimistic that the Philippine economy will grow at 6 percent for full-year 2015,” he added. Note: My first blog for 2016.

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